Topic: NobleCoin[NOBL] - 8% PoS | 1Yr+ | MARKETPLACE | PAY | GIFT | CHARITIES/MERCHANTS - page 312. (Read 1053168 times)

Coins Source did a news coverage of My Noble act 4 days ago: http://www.coinssource.com/noblecoin-launches-noble-act-price-jumps/

We've also have done a full review and scoring of noble: www.coinssource.com/crypto-coins/noblecoin

The score it received makes it in the top 40% of all alternative coins, which is a big feat. Keep up the strong support, we will review your score this weekend.

We could be minting a billion coins a day, but if they are only worth 1BTC for a coin that has a market cap of 100,000BTC, that number means nothing. There is no excessive amount relative to the amount currently in circulation. Right now at 50 satoshi we are adding 3.5BTC worth of coins to supply a day. That is a considerably low daily coin maintenance compared to others.

Daily coin maintenance for others not aware: http://cryptosource.org/good-buys-and-coins-to-avoid-how-daily-coin-maintenance-costs-should-factor-into-your-investment-decisions/


There is a big difference between 'socialist claptrap' and the lack of rules allowing cryptocurrency to be manipulated by a few to completely rip-off the majority due to complete lack of accountability. Controlling supply in a cryptocurrency context would be a case of myself owning 75% of the coins, not giving two shits about anyone else in the scene, cutting minted coins to quarter over the space of a week (control supply), and manipulating price upwards so I could dump on everyone here, convert the BTC to fiat, and never look back.

There is free market, and then there is promoting that sort of shit - which we won't do.

unnatural attempt to control supply rather than letting a coin be spread naturally over time exactly like BTC and LTC have done

Controlling supply is an important aspect of all businesses and it's very very natural. Does a fish and chip shop closing at 10 pm on a quiet Monday night suddenly cook 10 fishes and 20 pies at 9 30 pm? Of course not, it will control the supply from 8 pm onwards according to the owner's estimated demand for the next 2 hours.

The problem lies with the amount of coins created, what 300?....400?....and not enough money or miners to sustain them all. Supply and demand for Noblecoin is not the only aspect you have to think of but the supply and demand of all coins.

I don't think number of coins matters That is just my opinion though, that it is mostly psychological.

It matters a lot. Production of coins must meet the demand, too much supply - the price will fall triggering fear of collapse and a bear market. (psychological)

nasty surprises with certain coins that have acted to restrict supply when people realise just how concentrated they are in the hands of a few whales, who now completely dominate the market and price

Nothing you can do about it, that's free market economy, so welcome to the free market. Leave socialist claptrap behind as it has no place in cryptocurrency. Restricting supply is part of free market in balancing supply and demand.

PROJECT QUESTION

Anyone good with PHP to create a paper wallet generator? If so please let me know, would like to get something going using these sweet designs. [email protected]

Well done on all the designs, I am sincerely impressed!

You can mine either coin and ignore the other if you want, it's mostly up to the pool you choose as far as I'm aware. I'll be honest I might have gotten ahead of myself with merge-mining, I simply said it will always be seriously considered. I don't think it will play a large role for quite a while still and when it does it will be to resolve any real or perceived 51% or ASIC problem in the future. By that point the majority of miners will be demanding it. For that reason we had no intent to rush into it nor will we add it this July fork at this point. We might simply be thinking too far ahead since we are of the opinion merge-mining in the years to come will become standard.

This image sums up how we feel about merge-mining. It assumes a future where there are many 'top-tier' coins for each algorithm, and whether the winners are based on technical innovation, community and network adoption or money will generally depend on an individuals perspective. If it doesn't come about that's fine, we're not immediately switching, but we do think if/when the alternative scene evolves as a 'system' it would lean towards merge-mining. Note, there will always be outside mining operations also mining particular coins based on current preference or profitability, but there will also be plenty of miners mining the lot and enjoying payouts from all.

What are the downsides to merged mining?

At the moment I can only think of the fact that you can no longer really mine the "slave" coin, as it's hashrate is much lower than the "master" coin. (this could be solved by using a multipool, or exchanging your ltc to nobl)

The upside imo would be increased security and increased exposure in the ltc community, potentially bringing in tons of new people. (this will not work once there are 20 coins being merge mined, people might get tired.. (be one of the first?))

Sorry perhaps inflation wasn't the right word, I meant resolving an unnecessarily high continued increase in coin supply %-wise. However, cutting rewards too drastically too fast is more an unnatural attempt to control supply rather than letting a coin be spread naturally over time exactly like BTC and LTC have done (years). Edit: Well sorry that's incorrect. 'Tried to', I know how unbalanced all coins are, but at least it happened a little more natural over a longer period.

I don't think number of coins matters, you will still be holding a % of the total market cap whether it is 1 coin or 10,000, the larger amount would simply be worth less per coin. That is just my opinion though, that it is mostly psychological. What people are more concerned of is the daily BTC upkeep required to keep current price the same assuming no-one was buying or selling. What we constantly try to argue for is increasing long-term demand and usage of NOBL however rather than simply battling supply (the easier short-term solution). This proposed fork will solve that quite well, there will be less coins coming in and less selling pressure.

I think there are going to be some very nasty surprises with certain coins that have acted to restrict supply when people realise just how concentrated they are in the hands of a few whales, who now completely dominate the market and price. It is very easy to spread your wealth over many wallets. The second they feel their controlled coin has passed its prime they are out, and a lot of people are going to be very.. angry.

Can't wait!

Expect some big changes to the website over the weekend.

I listen.

.. 'Steps' might somehow find itself in there too. 

I was the guy doing the newsletters for a while. Have to admit that it slipped due to the community contests I have been hosting and juggling with work and social life besides it. Will pick it up again soon! (same goes for the Dutch translations, will update the Dutch thread with newest OP soon as well)

What do you all think is a good format for the newsletter? up until now I made them into a jpg and posted that in a thread.

Downside is that the links are non clickable, upside is it can be used for social media and looks professional (in pdf).

I can also make it in thread form, toying with the forum code until it looks neat. Upside is you can click links, downside is you can't share it in social media.

In short: pdf/jpg or "forum code"?

+1

Fantastic to see so many talented people working on NobleCoin. Hopefully all these ambassadors can convince all community members to help on every area needed.

Charts here: http://crypto-prices.com/NOBL

When will be halving?

Adam increase your tip amount, I haven't had any issues with non redeemed amounts under 400

Adam increase your tip amont use random1000 or megaroll $ I havent had any issue of non redeemed tips yet... including my donation

First of all, ZBBB Congratsss with the baby and secondly an "apology" for my sort of destructive post earlier, I meant all the comments only for the best of the coin. By the way good to hear about the people involved with NobleCoin, even better to see you are all sticking around

The post from ontopicplease about to aproach the coinmarket as a company suits what I have been lacking. I think Rofo has been doing a more than great job but he simply cannot be master in finance, design, security, communication etc... So I hope the role of each ambassador will evolve into a specialism with Rofo having the overall view. Same as in each " large" company, the structure gives people the room / space to focus on their own specialism also it's an easier way to contact somebody.

Besides this, what is your opinion about the idea to freshen up the website? Make it more simply and marketing focussed and putting the "mining information" a bit more in the background? In my view most miners get the information from the www.cointweak.com site or other calculators that give the needed info in an overview.

ps I do not have a real skillset to help but am always available for a brainstorm session or better said discussion

A lot of talent involved with NobleCoin. Adds so much confidence...

Nice to hear about all this!